Asian stock markets kept climbing on Tuesday, extending a two‑day winning streak that hints a strong year‑end rally may be unfolding.
The MSCI Asia Pacific index rose about 0.3% early in the session, while Japan’s Topix added roughly 0.5%. The gains came after global equity markets set a fresh closing record.
U.S. futures were slightly higher, and the S&P 500 erased its December losses, putting it on track for an eighth straight month of gains – the longest run since 2018. Mega‑caps Tesla and Nvidia led the U.S. rally, helping lift sentiment in Asian markets.
The Japanese yen ticked up against the dollar after the finance minister said Japan has a “free hand” to act against currency moves that don’t match fundamentals. The comment was a strong warning to speculators after the yen had been weakening despite a recent rate hike.
Chinese developer China Vanke secured last‑minute support from its creditors, extending a bond grace period and avoiding an immediate default.
The Philadelphia Stock Exchange Semiconductor Index jumped 1.1% on Tuesday, building on more than 5% gains in the prior two days. The index is up about 43% for the year, showing that technology continues to drive market strength.
Fund managers are holding very little cash, betting on more upside even though valuations are high. Investors are watching the Federal Reserve closely, with two rate cuts already priced in for next year. Some officials warn that failing to lower rates could increase recession risks.
Remember, this is just my perspective, not a prediction. Do your own research before making any investment decisions.
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